by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
Most small business owners realize that paying company debts is just as important as collecting accounts receivable and that these debts need just as much management. What business owners may not realize is that they can actually have a surprising amount of control...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Deductions
Many Maine-based small business owners start out with an office in their homes. An important benefit to this is being able to deduct the expense of the office on the tax return. It’s key for home-based business owners to know that in order to receive the deduction,...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
The term direct deposit does not apply to payroll only. This can be a time and money saving service to businesses in other ways too. What about the checks written for expense reimbursements or commissions? For a corporation, how about depositing the dividend checks of...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
Credit sales are a fact of business life. An important skill that Maine-based small business owners develop is maintaining the balance between the total cost of bad debts and profit gains. As a small business owner, you need to constantly monitor your total...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Financial Planning
Does everyone in your Maine-based small business understand how to make money for your company? It’s easy for employees to view their jobs narrowly and forget that they may be able to contribute help out the bottom line. Ask everyone in your company to come up...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Tax Planning, Tax Preparation
As a Maine-based small business owner, it’s important to plan all year long to make the most of the tax law. Here are just five of the tax-smart decisions to make during the year that could, if handled properly, significantly reduce tax liability: Should vehicles,...
